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Stale Check/Electronic check and withholding taxes (Calculation Point Payment)

in Payables, Payments & Cash Management

Summary:

We are having the case when we pay with electronic checks and they are getting stale after 30 days in our country (Argentina).

Is there anything to do for these cases?

Content (please ensure you mask any confidential information):

We are having the case when we pay with electronic checks and they are getting stale after 30 days in our country (Argentina).

If we just void the payment and create a new one, this would:

  • Reverse old withholding taxes.
  • Calculate once again the withholding taxes with the new payment.

Now, since for those withholding taxes we have:

  • Threshold basis: Period
  • Withholding Tax Calendar: Monthly
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